Bank “BTB” OJSC, which is claimed to belong to Ramiz Mehdiyev's family, ceases its banking operations. With this, the number of banks operating in Azerbaijan decreases to 21.
Modern.az reports that the banks currently operating in the country are as follows:
Azerbaijan International Bank OJSC
Access Bank CJSC
AFB Bank OJSC
Azer Turk Bank OJSC
Azerbaijan Industry Bank
Bank Eurasia OJSC
Bank Melli Iran Baku branch
Bank of Baku OJSC
Bank Respublika OJSC
Bank VTB (Azerbaijan) OJSC
Expressbank OJSC
Xalq Bank OJSC
Kapital Bank OJSC
PASHA Bank OJSC
Premium Bank OJSC
Rabitabank OJSC
TuranBank OJSC
Unibank CB OJSC
Yapı Kredi Bank Azerbaijan CJSC
Yelo Bank OJSC
Ziraat Bank Azerbaijan OJSC
It should be noted that, at the beginning of 2015, there were 45 banks in Azerbaijan. In August 2020, the number of these banks decreased to 26.
